A business lien is a secured interest. An unpaid creditor can gain a security interest in a business by placing a lien on a business asset. A business with a lien against it cannot be sold or transferred until the lien is resolved. The same applies for any assets that have liens. Those are long-term considerations for a business, but more pressing than the actual debt is the problems that liens produce for business owners who are seeking credit.
If you are a business owner with a satisfied lien in your past, Union Business Funding can work with you to find the financing you need. Call us at (888) 296-0660 to learn more.
